The Gross Value Added (GVA) in Sweden's agricultural products and livestock sector was at 36.14 Billion Swedish Kronas in 2023. The actual data from 2013 to 2023 show an overall growth trend, although with some year-to-year fluctuations. Significant variations occurred, such as a 15.15% increase in 2017 and a 15.59% rise in 2021. However, there were also periods of decline, including a 5.04% drop in 2018 and a 5.97% decrease in 2022. The CAGR over the last five years up to 2023 stood at 3.85%, suggesting modest but steady growth in the sector over this period.
Looking ahead, the agricultural products and livestock GVA is expected to continue growing, reaching 41.27 Billion Swedish Kronas by 2028. The forecasted 5-year CAGR is projected at 2.11%, with an overall growth rate of 10.99% from 2024 to 2028. This anticipated growth reflects an optimistic outlook for the sector, although it indicates a slightly slower growth rate compared to the past five years.
Future trends to watch for include technological advancements in agriculture, government policies supporting sustainable farming, and potential impacts of climate change on crop yields and livestock. Additionally, fluctuations in global commodity prices and supply chain disruptions could influence sector growth.
